President Barack Obama signs the tax cut bill into law on Fri. Dec. 17, 2010; the Middle Class Tax Relief Act of 2010. See video of speech and signing below. The event starts at 3:50 p.m. ET; watch live stream below. Thereafter, check back for full replay video and transcript.
UPDATE: Video and transcript are below.
Article continues below.
Click here for the transcript of speeches by President Obama and Vice President Biden.
Click the picture above for the full photo gallery.
The signing takes place at the White House. The bill represents a bipartisan compromise and passed by a 277-148 vote in the House of Representatives and an 81-19 vote in the Senate. Key components of the tax deal legislation include a two-year extension of the Bush-era tax cuts across all income levels. Additionally, unemployment benefits will be extended for 13 months. It also provides for a 2 percent reduction in payroll tax for a year, and a restoration of estate tax at a lower percentage rate.
The full text of the legislation can be seen here: Middle Class Tax Relief Act of 2010.
Today’s complete itinerary: President Obama official schedule and guidance, Dec. 17, 2010.
A preview video is below. For more on the legislation see:
- Congress Sends $801 Billion Tax Cut Bill to Obama
- Congress sends tax legislation to White House
- Obama reaches out to black leaders, says tax-cut deal good for African Americans
- Obama Press Conference Video: Dec. 7, 2010 Presidential News Conference, Speech on Tax Cuts Deal
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- Obama Afghanistan Speech Video Dec. 3, 2010 Address to the Troops
- Obama November Jobs Report Speech Video: Dec. 3, 2010 in Afghanistan, Statement on Unemployment
- Obama Speech Video Nov. 29, 2010 Statement on Federal Employee Pay Freeze
- Obama October Jobs Report Speech Video: Nov. 5, 2010 Statement on Unemployment
- Obama Press Conference Video: Nov. 3, 2010 Presidential News Conference Post-Election
- Obama Seattle Speech Video: Oct. 21, 2010 Backyard Discussion on Women and the Economy
- Obama MTV Town Hall Video: Oct. 14, 2010 A Conversation with President Obama
- President Obama Signs Wall Street Reform Bill into Law: Speech, Video 7-21-10
- Obama Economy Speech Video: Statement on Extending Unemployment Benefits 7-19-10
- Obama Signs Student Loan Bill in Virginia, Speech Video 3-30-10
- Obama Signs Health Care Reform Bill into Law (Speech, Video, Photos, Transcript) 3-23-10
- Obama Immigration Reform Speech Video: Address at American Univ. 7-1-10
- Obama Speech on Passing of House Health Care Reform Bill Video 3-21-10
- Obama Democratic Congress Speech Video, Transcript: Health Care Reform Address to the House 3-20-10
- Obama White House Health Care Summit 2010 Full Video, Transcript 2-25-10 Bipartisan Health Reform meeting.
- Obama State of the Union Address 2010 Video 1-27-10